Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 January 2014
I HAVE PURCHASED A LAND OF 4 COTTAH ON 01/08/2010 FOR RS.1000000. I SOLD 1 COTTAH FROM THAT LAND FOR RS.200000. CAN I CHARGEABLE TO CAPITAL GAIN TAX?
23 January 2014
Total cost was 10lacs for 4 unit so rs. 2.5 lace for one.
So there is long terms loss of rs. 50000
So there is long terms loss of rs. 50000
23 January 2014
Kapil you didnt consider the indexed cost...loss will be higher
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